On April 4, gold was correcting its recent extreme overbought conditions. The 4-hour chart showed that technical indicators fell sharply, almost vertically downward, but still well above the midline. The highs and retracements have not changed gold's original bullish technical barriers. The large structure does not require too much analysis at present, and it is a...
as per price action price has been taken yesterday high liquidity . now going to test low level 2266 is our ideal target. price action also our favour and As per smc fvg and orderblock also filled......
Market still round 2193 to 2203 Wait today...today Unemployment and Final GDP NEWS If market cross & CLOSE ABOVE 2222 next zone will me 2238-2300 If market cross & CLOSE BELOW 2145 it will be RED ROSE... then NEXT buy zones will be 2038-2025 1995-1973 1948-1931 1829-1811 Checking in day candle body doesn't close above DAY BOS in line chart seems M PATTERN...
Hello, my notable friends! Today, the price of gold has seen an impressive increase, with spot gold rising by $29.9 to $2,281 per ounce. This significant surge on April 2nd, according to US time, has been driven by the relentless demand for a safe haven amidst escalating tensions in the Middle East. The gold market continues to defy the strength of the US dollar...
Today, gold continued to impress, surpassing the $2,300 mark, a significant achievement even as the US dollar and bond yields both increased pressure. The shortage of gold supply, thanks to central banks around the world actively stockpiling and strong interest from hedge funds, has pushed gold prices to new highs. From a technical perspective, gold continues to...
not just on weekly basis.. but gold has broken monthly trendline resistance. it has formed cup n handle pattern .. which further coincides with trendline breakout.. the target zone for gold is 3000-3100 USD in few months.. but it has entered into a strong bull phase..
gold has broken weekly resistance area comprehensively by forming inverted head and shoulder.. and it seems ready to test $2500.. so its better to enter in buying with some retracement and on immediate support area..
Gold showing a good falling due to The neckline breakout Strategy Also a heavy fall also showing due to volume Increasing for sell Just wait for pure breakout then grab it Follows for more SURESHOOT tradeing setup Gold showing a good falling due to The neckline breakout Strategy Also a heavy fall also showing due to volume Increasing for sell Just wait for pure...
Bullish trend might reverse into bearish trend and maybe some profit bookings
On April 3, gold surged to hit 2300? The factors why such a surge mainly stems from three aspects: First, the market expects the Federal Reserve to cut interest rates. We have repeatedly emphasized in the past that it is only a matter of time before the Federal Reserve cuts interest rates. This is also the main driving force for the market to continue to be...
this is taking resistant in previous rejection area hence we can expect a fall from cmp till the previous level of support
Oh my goodness, everyone! You won't believe how gold has been shining like a diamond lately! On Wednesday, for the seventh consecutive day, gold (XAU/USD) reached an all-time high of around $2,282. Isn't that incredible? With all the drama unfolding - from the heartbreaking conflict between Russia and Ukraine to the simmering tensions in the Middle East, not to...
Good Morning Traders, Till the time Gold is moving in Alien (un known)zone. We cant predict gold retracement zone from where gold can return, So we are using a old method Fibonacci Reverse Levels. In which you can see in Chart we can expect gold levels from where we can see the reversal or retracements and the levels are 2288, 2293 and 2300. So we can see...
In terms of news, the Federal Reserve kept interest rates unchanged in March, but Federal Reserve Chairman Powell reiterated that it is expected to cut interest rates three times this year. This shows that the recent overheating inflation has not changed the Fed's plan. The market's expectations for the Federal Reserve to cut interest rates have increased. Gold...
Hello dear friends, today gold continues to hold its ground at a high level despite some slight adjustments, but overall the price increase shows no signs of cooling down. Currently, the price of gold is trading around $2250, down 150 pips from yesterday as precious metals undergo a correction after a strong surge. Looking ahead, gold continues to be supported...
Welcome, everyone! Last week was nothing short of a gold fever, as the precious metal reached unprecedented heights. Fast forward to today, gold has once again soared, hitting $2265, marking a notable increase of $25 in the early hours of Monday's trading session. This surge in gold's value is primarily driven by declining treasury bond yields and a weakening...
The record rise in gold prices is a sign that investors are worried that the Fed will not be able to control inflation when it starts cutting interest rates. Investors should wait for a pullback before buying. Gold may return to the price of 2,150 USD and will attract a number of new investors. The upward trend of world gold prices continues as the market is...
Warm greetings, beloved traders! Let's strategize for the gold market this week! Last week, gold experienced an impressive and strong upward trend, reaching its all-time high. Today, we see this precious metal surging to $2,263, marking a $31 increase in the early hours of Monday's trading session. The rise in gold is primarily driven by lower bond yields and a...